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Tag: 700

It's A Tarp!

A ‘TARP’ to Cover Detroit

The White House has shifted from its original position to state that it now is willing to consider using bailout funds from the $700-billion Troubled Asset Relief Program, or TARP, to keep the country’s top three automakers afloat. The announcement comes after negotiations in Congress to provide a $14-billion bailout to Detroit broke down.

Posted on Dec 12, 2008 READ MORE

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